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Novi Industrial Center

Off-Market

22783 Heslip Drive, Novi, MI 48375

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  • Property Type Industrial - Flex - Industrial
  • Property Size 108,000 Sqft
  • Lot Size 6 Acre
  • Parking Spaces Avail. 210
  • Parking Ratio 1.95/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1977

Location

  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 04 May, 1984
  • Purchase Price $2,465,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Novi

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Novi Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $23.25
  • 2020 Office Vacancy Rate 14.25 %
  • 2020 Office Completions (Sqft) 269,869
View more Novi market trends

Tax

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Frequently Asked Questions

What is the total square footage of Novi Industrial Center?

Novi Industrial Center totals 108,000 square feet.

When was this property built?

Novi Industrial Center was built in 1977.

When was Novi Industrial Center last sold?

Novi Industrial Center was last sold on 04 May, 1984.

What was the last purchase price for Novi Industrial Center?

Novi Industrial Center was last sold for $2,465,000.

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